Saia (NASDAQ:SAIA) had its price objective cut by research analysts at Morgan Stanley from $50.00 to $48.00 in a research report issued to clients and investors on Friday. The brokerage presently has an “underweight” rating on the transportation company’s stock. Morgan Stanley’s price objective suggests a potential downside of 33.33% from the stock’s previous close.
A number of other analysts have also recently commented on the stock. Zacks Investment Research raised shares of Saia from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research note on Tuesday, January 2nd. BidaskClub raised shares of Saia from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 13th. Stephens reissued a “neutral” rating on shares of Saia in a research note on Friday, February 2nd. Cowen boosted their target price on shares of Saia from $61.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Finally, Stifel Nicolaus boosted their target price on shares of Saia from $60.00 to $61.00 and gave the stock a “hold” rating in a research note on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $72.40.
SAIA stock opened at $72.00 on Friday. The stock has a market cap of $1,848.67, a PE ratio of 32.88 and a beta of 0.80. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.22 and a quick ratio of 1.22. Saia has a 52 week low of $41.28 and a 52 week high of $80.25.
Saia (NASDAQ:SAIA) last released its earnings results on Friday, February 2nd. The transportation company reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. The business had revenue of $353.20 million during the quarter, compared to analysts’ expectations of $343.26 million. Saia had a net margin of 6.61% and a return on equity of 10.80%. The company’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.40 earnings per share. equities analysts anticipate that Saia will post 3.71 EPS for the current fiscal year.
In related news, VP Raymond R. Ramu sold 4,400 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $73.82, for a total transaction of $324,808.00. Following the transaction, the vice president now directly owns 12,157 shares in the company, valued at $897,429.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Frederick J. Holzgrefe III sold 17,361 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $73.70, for a total transaction of $1,279,505.70. Following the transaction, the vice president now owns 34,565 shares in the company, valued at $2,547,440.50. The disclosure for this sale can be found here. Insiders have sold 86,109 shares of company stock worth $6,365,332 over the last 90 days. 1.50% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Elkfork Partners LLC acquired a new position in Saia during the fourth quarter worth about $210,000. Pier Capital LLC boosted its position in Saia by 8.7% during the fourth quarter. Pier Capital LLC now owns 107,895 shares of the transportation company’s stock worth $7,634,000 after acquiring an additional 8,613 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new position in Saia during the fourth quarter worth about $322,000. MetLife Investment Advisors LLC acquired a new position in Saia during the fourth quarter worth about $837,000. Finally, Gotham Asset Management LLC acquired a new position in Saia during the fourth quarter worth about $385,000. Hedge funds and other institutional investors own 99.64% of the company’s stock.
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Saia, Inc is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States. The Company’s subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier.
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